Cryptocurrency Price Prediction

SXP Price Prediction 2022: Will The Price Hit $10 This Time?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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May 18, 2022

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 The dynamic growth of the crypto industry over the years has given life to the evolution of many advanced crypto projects. Which thrive to establish one’s presence in the mainstream business. SXP has been one of those, whose goal is to sprawl with presence in payments through visa, amongst others. 

SXP is a prominent cryptocurrency that powers The Solar Network, which is a decentralized layer-1 blockchain. With the token expanding its utility with the transition to the Solar Network. Marketers are now keen on its future prospects. Are you considering SXP for your portfolio? Then look no further, as this write-up will cover the price predictions for 2022 and the years to come!

Overview

Cryptocurrency Swipe
TokenSXP
Price$ 0.4070
Market cap$ 198,929,276.0000
Circulating Supply 489,183,675.5918
Trading Volume$ 32,353,395.0000
All Time High$ 5.7900 May 3, 2021
All Time Low$ 0.1613 Mar 18, 2020

SXP Price Prediction For 2022

Potential LowAverage PricePotential High
$0.947$1.17$1.38

 The digital asset had made its way to the year 2022, with a price tag of $2.034. A steep fall over the next week, called for the $1.404 landmark by the 10th of January. Whilst a leg-up did take the price to $1.803 by the 15th of January. However, a market crash slashed the price to $1.229 by the 24th of January. 

A steady ascend thereafter, pushed the price of SXP to $1.58 by the 8th of February. But growing turmoil from global tensities, dragged the price to $1.157 by the 22nd of February. Post which, a climb helped SXP hit the $1.4 mark on the 2nd of March. Howbeit, failing to sustain at the levels, led to a fall to $1.197 by the 14th of March. Concluding the quarter, the price breached levels of $1.691

SXP Price Prediction For Q2

  Gathering the interests of investors, the altcoin might chug up towards its potential high of $0.703. Failing to construct on volumes, the price of SXP might crawl to its minimum level of $0.388. That said, an equilibrium in buying and selling pressures might land the price at average levels of $0.574

Forecast Of SXP For Q3

  If the Solar Network employs imperative developmental and community building initiatives toward a decentralized economy. The positive results of which, could reflect on the price projections of the crypto asset. Wherefore, the price of SXP might hit a maximum of $0.974 by the end of the third quarter. 

On the flip side, the lack of marketing initiatives might drag the price to its potential low of $0.675. Successively, constrained by the linear momentum, the average price might settle at $0.829

Prediction Of SXP For Q4

  The price of SXP might embark on a bullish run if the protocol sees thriving growth with notable adoptions and collaborations. It would further seek supplements if Swipe witnesses widespread adoption and traffic. As a result of which, the price of SXP might hit a maximum of $1.38 by the end of the year. 

Conversely, failing to gather steam, the price of the digital token might slump down to its minimum of $0.947. Considering the bullish and bearish milestones, the average price might land at $1.17

SXP’s Price Forecast For 2023

  If the planned upgrades of 2022 are successfully implemented, the results of which could reflect on the price trajectory of SXP. In such a scenario, the price might propel to a maximum of $2.728 by the end of the year. In contrast, failing to adhere to its commitments could result in negative criticism. Which could slash the price to $1.269

Price Prediction Of SXP For 2024

  The foray into diverse sectors like the metaverse could turntables for SXP. As the sector is expected to flourish over the year. Wherefore, the altcoin could trade as high as $5.643. However, a  possible crash resulting from a financial crisis or regulatory concerns might dump the price to $2.672

Price Trajectory For 2025

Certain partnerships and developments may result in the growth of the platform and user base. The price may grow more if the market focuses on investing in SXP. In such a scenario, the price might propel to $10.67. On the contrary, it may decline to $5.354 if it faces hurdles in the space.

YearPotential LowPotential High
2023$1.269$2.728
2024$2.672$5.643
2025$5.354$10.67

What Does The Market Say?

Digital Coin Price:

  According to the prediction of Digital Coin Price. The price of SXP might chug up to a maximum of $0.65 by the end of 2022. The analysts believe a reversal in trend could knock the price to a minimum of $0.57. And that average trade pressures could curb the projection of price to $0.62. 

The analysts from the firm have pinned the maximum closing price for 2023 at $0.76. Successively, the digital token is expected to surge to a maximum of $1.03 by the end of 2025. 

Wallet Investors:

 As per the forecast of Wallet Investors. The altcoin is expected to surge to its potential high of $0.662 by the end of 2022. The forecast has set the minimum trading levels for the year at $0.0221. And the average trading price for the year at $0.0441. 

Click here to read our price prediction of Polkastarter (POLS)!

What Is SXP?

 SXP is a utility-based cryptocurrency that originated to be the gas and fuel of the Swipe network. Which is a Decentralized Finance platform that enables cryptocurrency financial products powered by SXP. Swipe provides a variety of products and services to its users. Swipe’s multi-asset DeFi app allows the users to convert between cryptocurrencies, fiat currencies, and stable coins. 

The token runs on the Ethereum network. It was founded by Joselito Lizarondo. Following the transition to the Solar Network, a decentralized community-driven layer-1 blockchain. The SXP tokens are rebranded from Swipe to SXP. 

Fundamental Analysis

  The SXP token was founded by Joselito Lizaraondo. As previously said, Swipe was renamed to SXP, giving it its own identity. As Swipe was acquired by Binance in 2020, the project has seen numerous changes. The acquisition brought in the preparation of the chain’s merger of Ethereum and Binance Chain for SXP. The total supply and circulating supply were included in the new statistics of the Solar Network.

Solar Network is a decentralized community-driven layer-1 blockchain, which aims to create an ecosystem with governance. In which, the SXP token plays a major role in most of the activities. The Solar network employs the DPoS consensus model, which abbreviates for “Delegated Proof-of-Stake”. This makes it decentralized, sustainable, and efficient. 

Our SXP Price Prediction

Swipe Price could reach newer heights if the bears fail to hold the market for a longer period. Some collaborations with certain projects might lead to the growth of price as well as market capitalization. As per Coinpedia’s formulated SXP prediction. The price might trade as high as $1.4 by the end of 2022. In contrast, bearish trends could drag it to $0.95.

Historical market Sentiments

2019

SXP entered the crypto sphere on 27 August 2019 with a price of $0.24. Significantly, the price started to rise and hit the $1.35 mark by the end of September. Effectively, the price surged to $2.12 at the end of October and shockingly sank to $1.09 by early November. 

With certain variations, SXP managed to be at a stable level and traded at a price between $1.12 and $1.33 throughout November. The coin traded at a price of $1.07 in December to end the year 2019.

2020

With a steady recovery, the token continued to trade at $1.32 during the start of January 2020. Later the price started to vary and dramatically the coin swelled to $2.00 by the end of January. As the bulls pulled over the market and further failed to be in the resistance level by plunging to $0.91 at the end of February.

 Later, the token started to decline as the bears were held into dragging the prices. As a result, SXP dropped to $0.17 desperately by mid-March and further started to fluctuate. As the bears held the market for a longer time, the coin traded between $0.35 and $0.62 until mid-July.

As the bulls started to pull the prices up, the token reclaimed its resistance level by hitting $2.11. But failed to remain stable as it plunged further to $1.55 by the end of July. Interestingly, the Swipe token drastically surged to $5.02 by mid-August. Later with certain price swings, SXP declined to $2.98 by the end of August.

Further, the price consistently started to fall due to the massive supply pressure. And the token traded in the range between $0.74 and $1.72 until early November. The altcoin recovered to $1.16 by the end of November owing to the expansion of Bitcoin’s price rally. However the coin failed to maintain its momentum, and the price dropped to $0.65 by the end of December 2020.

2021

SXP continued to trade at $0.74 during the start of January 2021. The price since then kept the bullish momentum intact and surged above $3 and eventually surpassed $5 in mid-April and suffered a plunge. Following the bottom at $2.73, the price soared to $5.6 by the 3rd of May. But the market-wide crash, dumped the price to $1.78 by the 18th of May. 

After ranging sideways until the 19th of July, an uptrend pushed the price to $4.029 by the 29th of August. A steep fall took the price to $2.53 by the 8th of September. Later, a steady fall over the fourth quarter ended the year at $2.21. 

Click here to read our price prediction of Ox (ZRX)!

FAQ

Q: Where can I trade SXP tokens?

A: SXP is available for trade across prominent cryptocurrency exchange platforms such as Binance, Coinbase, FTX, and KuCoin, amongst others. 

Q: How high will the SXP price rise by the end of 2022?

A: The price of SXP might escalate as high as $1.38 by the end of 2022.

Q: What will the maximum trading price of SXP be by the end of 2025?

A: The altcoin is expected to surge to a maximum of $10.67 by the end of 2025. 

Q: Which consensus model does the Solar Network use?

A: The Solar Network employs the DPoS consensus model.

Q: Where is the ATH of SXP?

A: The All-time-high of SXP stands at $5.86.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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